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Question 24 The following is the regression output obtained by regressing the sale price of a house in $10005 (price) on the square footage of
Question 24 The following is the regression output obtained by regressing the sale price of a house in $10005 ("price") on the square footage of the house in squared feet (llsqrftll): SUMMARY OUTPUT Regression Statistics Multiple R 0737906543 R Square 0620796728 Adjusted R Square 0616387387 Standard Enor 6351708058 Observations 88 ANOVA Regression 1 569601 .0753 569801 .0753 140.7912919 8.42341 E20 Residual 86 348053.433 4047.132941 Total 87 9178545083 Coefficients Standard Envr tStat P-value Lower 95% Upper9596 Intetcepl 1120414482 2414260761 0452827972 0551812965 -37.98253121 6039082085 am 0.140210977 0011816643 1136555064 6.42341E-20 0.116720268 0163701687 What share of the sample variation in the house sale price is explained by the variation in the square footage? O 62.1% 0 14.02% 0 78.8% C) 63.6%
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